In a taxpayer-friendly development, the IRS has issued guidance permitting certain estates to make a late “portability” election. This election allows a deceased person’s unused estate tax exemption amount ($5,000,000, indexed for inflation since 2011) to be “ported”...

When you meet with a Farner & Perrin attorney, you are asked to provide us with a financial profile so that we can assess how the structure of your plan affects your specific assets. Many of our clients are fortunate to be beneficiaries of trusts and oftentimes...

The 85th regular session of the Texas Legislature ended on May 29, 2017. Knowing trusts and estates legislation seldom attracts the interest of the media, here are some highlights that might impact your estate planning: Financial Powers of Attorney: The legislature...